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Exemption for broadband is published in the Government

15/03/2013

This article was translated by an automatic translation system, and was therefore not reviewed by people.

 

 


 


Brasilia - The federal government on Wednesday published in the Official Gazette, ordinance with standards that telecommunications companies will have to follow to benefit from the special tax regime for investment in broadband networks. The tax relief program, which will reach PIS / Pasep, COFINS and IPI, was announced yesterday by Communications Minister Paulo Bernardo.
 
According to Bernardo, the expectation is that the Special Taxation of the National Broadband Deployment of Telecommunications Networks (REPNBL-Networks) encourage telecom companies to anticipate by 2016 approximately U.S. $ 18 billion in investments. The tax relief provided by the government until 2016 to reach about R$ 3.8 billion, could add R$ 6 billion.
 
The measure provides tax relief for the purchase of machines, apparatus, instruments and equipment as well as building materials purchased for network investments.
To access the special regime, companies will have to enter the network deployment projects on the website of the Ministry of Communications www.mc.gov.br. According to the regulation, the deadline for submission of projects begins today and runs until June 30, 2013, but the ministry said that the electronic system of registration of projects will be available from Friday.
 
The assessment of projects by the ministry will take into account the rules of the ordinance and the objectives of REPNBL-Networks reduction of regional differences, modernization of networks and widespread access to broadband. After approval of the project by the ministry, the company must ask special arrangements to enable the Ministry of Finance.
The counterparts to access the exemption include minimum percentages of components and equipment using the Basic Productive Process (PPB), technology developed in the country and the obligation to invest in regions with lower distribution network.
 
The special scheme will be valid for the purchase of goods and services until December 31, 2016.
It was created by Law 12,715, enacted by President Dilma Rousseff in September 2012, and is part of the Greater Brazil.
 
 
The information provided by Agencia Brazil


Source: The Day - Online

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